Common use of Right of ownership to the business and related Property Clause in Contracts

Right of ownership to the business and related Property. The Consultant hereby acknowledges and agrees that any and all technology and Business interests of the Company, together with any improvements derived therefrom, and any patents, copyright, trade marks or trade names used in connection with the same (collectively, the “Property”), are wholly owned and controlled by the Company. In this regard the Consultant hereby further covenants and agrees not to, during or after the Term, contest the title to any of the Company’s Property interests, in any way dispute or impugn the validity of the Company’s Property interests or take any action to the detriment of the Company’s interests therein. The Consultant acknowledges that, by reason of the unique nature of the Property interests, and by reason of the Consultant’s knowledge of and association with the Property interests during the Term, the aforesaid covenant, both during the term of this Agreement and thereafter, is reasonable and commensurate for the protection of the legitimate business interests of the Company. The Consultant hereby further covenants and agrees to immediately notify the Company of any infringement of or challenge to any of the Company’s Property interests as soon as the Consultant becomes aware of the infringement or challenge.

Appears in 5 contracts

Samples: Corporate Consulting (Sinobiomed Inc), Corporate Consulting (Sinobiomed Inc), Escrow Agreement (Sinobiomed Inc)

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Right of ownership to the business and related Property. The Consultant hereby acknowledges and agrees that any and all technology and Business interests of the CompanyBusiness, other Company assets, together with any improvements derived therefrom, and any patents, copyright, trade marks or trade names used in connection with the same (collectively, the "Property"), are wholly owned and controlled by the Company. In this regard the Consultant hereby further covenants and agrees not to, during or after the Term, contest the title to any of the Company’s 's Property interests, in any way dispute or impugn the validity of the Company’s 's Property interests or take any action to the detriment of the Company’s 's interests therein. The Consultant acknowledges that, by reason of the unique nature of the Property interests, and by reason of the Consultant’s 's knowledge of and association with the Property interests during the Term, the aforesaid covenant, both during the term of this Agreement and thereafter, is reasonable and commensurate for the protection of the legitimate business interests of the Company. The Consultant hereby further covenants and agrees to immediately notify the Company of any infringement of or challenge to the any of the Company’s 's Property interests as soon as the Consultant becomes aware of the infringement or challenge.

Appears in 1 contract

Samples: Development Services Agreement (Olympic Resources LTD)

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Right of ownership to the business and related Property. The Consultant hereby acknowledges and agrees that any and all technology and Business interests of the Company, together with any improvements derived therefrom, and any patents, copyright, trade marks or trade names used in connection with the same (collectively, the "Property"), are wholly owned and controlled by the Company. In this regard the Consultant hereby further covenants and agrees not to, during or after the Term, contest the title to any of the Company’s 's Property interests, in any way dispute or impugn the validity of the Company’s 's Property interests or take any action to the detriment of the Company’s 's interests therein. The Consultant acknowledges that, by reason of the unique nature of the Property interests, and by reason of the Consultant’s 's knowledge of and association with the Property interests during the Term, the aforesaid covenant, both during the term of this Agreement and thereafter, is reasonable and commensurate for the protection of the legitimate business interests of the Company. The Consultant hereby further covenants and agrees to immediately notify the Company of any infringement of or challenge to the any of the Company’s 's Property interests as soon as the Consultant becomes aware of the infringement or challenge.

Appears in 1 contract

Samples: Services Agreement (Transax International LTD)

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